Slovakia: Wooden Frame Market 2024

Wooden Frame Market Size in Slovakia

After two years of decline, the Slovak wooden frame market increased by 39% to $X in 2022. In general, consumption, however, saw a slight downturn. Wooden frame consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wooden Frame Production in Slovakia

In value terms, wooden frame production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 9.4%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wooden Frame Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in shipments abroad of wooden frames for paintings, photographs, mirrors or similar objects, when their volume decreased by -26.4% to X units. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 105% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined notably in the following year.

In value terms, wooden frame exports reduced rapidly to $X in 2022. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 147%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Austria (X units), Belgium (X units) and Germany (X units) were the main destinations of wooden frame exports from Slovakia, together comprising 52% of total exports. The Czech Republic, France, Hungary, Denmark, Poland and Switzerland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +121.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Belgium ($X) and Germany ($X) appeared to be the largest markets for wooden frame exported from Slovakia worldwide, together accounting for 49% of total exports. France, the Czech Republic, Denmark, Hungary, Poland and Switzerland lagged somewhat behind, together accounting for a further 40%.

France, with a CAGR of +139.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2022, shrinking by -19.3% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Frame Imports

Imports into Slovakia

In value terms, wooden frame imports surged to $X in 2022. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 48%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In value terms, the largest wooden frame suppliers to Slovakia were China ($X), Poland ($X) and the Netherlands ($X), together accounting for 84% of total imports. Austria, Spain, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 9.2%.

Spain, with a CAGR of +61.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wooden frame import price amounted to $X per unit, reducing by -7.7% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden frame import price increased by +4.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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